Ravenswood, West Virginia, USA — Alcan Rolled Products-Ravenswood, a wholly-owned subsidiary of Alcan Inc. (NYSE, TSX: AL), announced today that it will invest US$27 million to significantly increase the site’s plate capacity. The improved production capacity is scheduled to come on stream in the second half of 2006.
"This investment is a clear demonstration of Alcan’s commitment to its customers, particularly in the aerospace industry," said Michel Jacques, President and Chief Executive Officer, Alcan Engineered Products. "It illustrates our drive to maximize value and our focus on customer service and technical excellence. I am confident that this investment will enable the facility to continue to improve its operational and financial performance and help realize our expectations," he added.
Alcan Rolled Products-Ravenswood is a key asset of Alcan’s Engineered Products Business Group, which has been steadily broadening its product and service offering, especially in the aerospace sector. “This investment is strategic for Alcan Rolled Products-Ravenswood, because it will enable the facility to meet the growing demand of its customer base,” said Steve Abelman, President and Chief Executive Officer, Alcan Rolled Products-Ravenswood. “By significantly increasing our plate capacity, this expansion will allow Ravenswood to secure its long-term market position and invest in the future of its customers, workforce, the local community and West Virginia,” he added. The facility employs more than 1,000 people.
Ravenswood is one of the largest aluminum rolling mills in the world and produces high-quality aluminum plate, coil and sheet products mainly for the aerospace, aeronautical and transportation industries. The business recently signed a multi-year agreement with The Boeing Company to supply the aircraft manufacturer with a variety of high-performance aluminum products.
Alcan is a multinational, market-driven company and a global leader in aluminum and packaging. With world-class operations in primary aluminum, fabricated aluminum as well as flexible and specialty packaging, aerospace applications, bauxite mining and alumina processing, today’s Alcan is well positioned to meet and exceed its customers' needs for innovative solutions and service. Alcan employs almost 70,000 people and has operating facilities in 55 countries and regions.
-30-
Media Contact:
James Guillow
Tel.: +1-304-273-6506
james.guillow@alcan.com
Anik Michaud
Tel.: +1-514-848-8151
media.relations@alcan.com
Investor Contact:
Corey Copeland
Tel.: +1-514-848-8368
Investor.relations@alcan.com
Français
© 2008 Alcan Inc. Legal Disclaimer | Privacy Statement 